NWBI - Northwest Bancshares: 6.9% Dividend Yield But Earnings Outlook Is Negative
2024-07-10 23:57:10 ET
Summary
- Interest rate cuts will pressurize the margin, which will, in turn, pressurize earnings.
- I’m expecting earnings to dip by 13% to $0.92 per share this year.
- NWBI is currently offering a dividend yield of around 6.9%. My earnings projections suggest that the dividend payout is unlikely to be cut.
- The year-end target price suggests around a 5% price upside.
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Northwest Bancshares: 6.9% Dividend Yield, But Earnings Outlook Is Negative